Friday, 29 March

Kosmos Energy launches Public Offering of Common Stock

Business
Barclays, BofA Securities and Jefferies are acting as joint book-running managers in the Offering

Kosmos Energy Ltd. has announced that it has launched a registered underwritten public offering of 37,500,000 shares of common stock (the “Offering”).

In addition, Kosmos intends to grant the underwriters a 30-day option to purchase up to an additional 5,625,000 shares of common stock at the public offering price less underwriting discounts.

Kosmos intends to use the net proceeds from this offering to repay outstanding borrowings under its commercial debt facility, including borrowings incurred to finance a portion of the previously announced acquisition of Anadarko WCTP Company.

Barclays, BofA Securities and Jefferies are acting as joint book-running managers in the Offering.

The Offering is being made pursuant to an effective shelf registration statement, including a prospectus, filed by Kosmos with the U.S. Securities and Exchange Commission (“SEC”) on June 21, 2021. 

The Offering may only be made by means of a preliminary prospectus supplement and accompanying prospectus. 

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins.

Its key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. 

Kosmos Energy also maintains a sustainable proven basin exploration programme in Equatorial Guinea, Ghana and the U.S. Gulf of Mexico. 

The company is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS.

 

 

Source: classfmonline.com